CSR Project Report BPCL

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Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company headquartered in Mumbai, Maharashtra.

Bharat Petroleum Corporation Limited (BPCL) takes up CSR projects largely in the 5 core thrust areas of:

Water Conservation

Education

Skill Development

Health/Hygiene

Community Development

Bharat Petroleum Corporation Limited (BPCL) has the following three tier system in place for executing CSR projects:

CSR projects being undertaken for stakeholders in the value chain of their business The CSR projects are largely executed in and around thier Business Units mainly in the above mentioned thrust areas. Furthermore, certain initiatives are carried out in rural or tribal areas for backward, underprivileged, SC / ST/ OBC population as well. These are with the sole intention of nation building.

Earmark up to 5% of total CSR budget each year for capacity building of employees as well as CSR implementation partners through institutions with well-established track record of at least three financial years.

The CSR expenditure shall include contribution to corpus (as the case may be), subject to approvals.

Execution of CSR Projects:
For execution of CSR programs/ projects/ activities the agency must be a registered society, trust, company or any specialized agency having minimum three years of experience post registration in handling activities of similar nature. For empaneling such organisations, there is a due diligence process in place A third party assessment of projects is also carried out.

Monitoring

Monitoring of projects is an ongoing process by CSR executives as well as officers from various SBU’s/ Entities.

The CSR Appraisal committee & CSR Committee of the Board review the progress from time to time.

Impact Assessment is also conducted.

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